Modiv (NYSE:MDV) Issues FY 2022 Earnings Guidance

Modiv (NYSE:MDVGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $1.26-$1.36 for the period. The company issued revenue guidance of -.

MDV opened at $18.72 on Monday. The business’s 50-day moving average price is $17.81. Modiv has a fifty-two week low of $15.01 and a fifty-two week high of $89.99.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 25th. Stockholders of record on Thursday, June 30th will be given a $0.0958 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.15 annualized dividend and a dividend yield of 6.14%.

A number of equities research analysts have weighed in on the stock. Colliers Securities started coverage on shares of Modiv in a research note on Monday. They set a buy rating and a $22.00 price target on the stock. B. Riley started coverage on shares of Modiv in a research note on Wednesday, March 30th. They issued a buy rating and a $24.00 target price on the stock.

In other news, CEO Aaron Scott Halfacre acquired 8,048 shares of the stock in a transaction that occurred on Friday, March 25th. The stock was purchased at an average cost of $17.65 per share, for a total transaction of $142,047.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 10,864 shares of company stock valued at $192,444 over the last three months.

Modiv Company Profile (Get Rating)

Modiv Inc, (the Company) was incorporated on May 14, 2015 as a Maryland corporation. The Company was formed to primarily invest, directly or indirectly, in real estate owning entities which own single-tenant income-producing properties located in the United States, which are leased to creditworthy tenants under long-term net leases.

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Earnings History and Estimates for Modiv (NYSE:MDV)

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